Therefore, if you are considering commerce stream during your high school, then you must see some aspects related to it before you go for a final decision.
To help you, important information and details about commerce stream, top study area and career opportunities etc., along with major topics and domains are listed below.
Biases Connected to the Commerce Stream
Generally, most parents and guardians are suffering from great biases for commerce stream and they think that the Commerce stream is only suitable for 'non-smart' students.
Apart from this, the subject of Arts is suitable for students interested in technical and research-driven students and those interested in theoretical studies and performing arts. But Commerce Stream is right for students who are comfortable with 'Crunching Number' and want to become Accountant in the future. That is why many students believe that the study radius is very limited as compared to other streams. But this is a common thing and it cannot be said right about the subject of commerce or any other streams. Some topics and a wide range of specialisation and study options are discussed in more detail for the students who take the commerce stream.
Main topic / sub-domain
Despite the bias related to Commerce Streams, the popularity of this topic has been rising very fast over the last few decades. Due to the rising economy, the golden opportunity of a professional career and higher scoring, the trend of high school or after this subject has increased in students. Earlier this stream was confined to certain topics related to accountancy and economics but today many subjects are being studied under it.
Some of them are -
Economics (economics)
Students with a commerce stream have to face many financial and economic concepts. During the class 11 and 12, students were mainly asked to study economics, Indian economic development, statistics, micro economics and macro economics etc. To do great in additional economics, develop a conceptual understanding of the subject and the problems and the effect of Numerical Trust is very important to do.
English
Like every stream, English stream has to be read in the commerce stream as a compulsory language. English students who learn in the Commerce stream are quite different from other streams of English and mainly focus on language basics including grammar, syntax and vocabulary development. Apart from this, students also learn business communication and other aspects.
Accountancy (accounting)
Accountancy is a major subject of commerce and plays an important role during high school education. This topic focuses on the basics of accountancy and its theoretical process and financial accountancy, accounting standard accounting standards, GST, recording of business transactions and similar 11th Concepts. In class XII, students have to study accountancy, partnership companies, cash flow details of companies and financial statements and computerized accounting for non-profit organizations.
Scope of further studies
A common question that keeps most students away from the commerce stream is that students are limited in the range of further studies in this stream. However, this is only a speculation and may be true in the distant past. But today the significance of this stream is the same as the other two stream arts and science.
Degree level courses
After passing 12th from the Commerce stream, the student degree level can be selected from any of the many available courses.
The main details of the main courses are as follows-
BCom
BCom means Bachelor of Commerce This course can be selected after passing the 12th grade with the commerce topic. This is a three year degree level course. Under this, fundamental principals etc. of accounting and finance are studied.
The main topics of this course are:
- Entrepreneurship
- Corporate accounting
- Business Regulatory Framework
- Economics
- Computer Applications and IT
- Income tax
- Auditing
- Human Resource Management
- Statics
- Banking and insurance
- Company law
- Business Communication
- Management accounting
- Marketing
- Mathematics
- Business Environment